In July, the volume of industrial production was greater than a year ago

30 August 2018 – news release no 91

According to Statistics Estonia, in July 2018, the production of industrial enterprises increased by 4% compared to July 2017. Production increased in manufacturing and energy, but decreased in mining.

In July, the total production in manufacturing was 2% higher compared to the corresponding month of 2017. In July, over a half of the branches of industry exceeded the volume of the same month of the previous year. The growth in production was mostly due to an increase in the manufacture of computers and electronic products, food products and building materials; a significant increase occurred also in the manufacture of wood. Among the branches of industry with larger shares, production fell in the manufacture of fabricated metal products and electrical equipment.

In July, 65% of the total production of manufacturing was sold to the external market. According to unadjusted data, sales of manufacturing production for exports increased by 3% and sales to the domestic market increased by 8% compared to July 2017.

In July 2018, compared to June, the seasonally adjusted total industrial production decreased in total by 1%. Production of manufacturing fell also by 1% compared to the previous month.

Compared to July 2017, the production of electricity increased by 6%.

Change in volume index of industrial production, July 2018 (percentages)

Economic activity

Change on previous month according to seasonally adjusted dataa

Change on same month of previous year

according to unadjusted data

according to working-day adjusted datab

TOTAL

-1.3

6.1

3.7

Energy production

7.5

24.0

24.0

Mining

-17.4

-2.5

-2.5

Manufacturing

-1.0

4.8

2.2

manufacture of wood and wood products

-2.3

9.4

6.8

manufacture of food products

2.6

5.3

3.3

manufacture of computer, electronic and optical products

0.1

22.0

18.8

manufacture of fabricated metal products

-11.7

-3.6

-6.5

manufacture of electrical equipment

-5.5

-5.1

-8.5

manufacture of furniture

-3.1

-5.2

-8.8

manufacture of motor vehicles

1.6

20.6

17.8

manufacture of building materials

5.4

12.1

9.7

manufacture of machinery and equipment

4.5

6.6

2.9

manufacture of chemical products

-6.3

6.0

3.1

a In the case of the seasonally adjusted volume index, the impact of different number of working days in a month and seasonally recurring factors has been eliminated. It is calculated only in comparison with the previous period.b In the case of the working-day adjusted volume index, the impact of different number of working days in a month has been eliminated. It is calculated only in comparison with the corresponding period of the previous year.

The statistics are based on the questionnaires “Industry”, the submission date of which was 17.08.2018, and “Energy production, sales and fuel consumption”, the submission date of which was 11.08.2018. Statistics Estonia published the monthly overview in 8 working days. For the statistical activity “Production indices”, the main representative of public interest is the Ministry of Economic Affairs and Communications, commissioned by whom Statistics Estonia collects and analyses the data necessary for conducting this statistical activity.